SABIC rejects rumours that it will quit Tianjin cracker project

Confirming the importance of China’s position Saudi Basic Industries Corp (SABIC), has rejected hearsay that it plans to quit its joint venture with Sinopec for its 1 mln tpa cracker project at Tianjin. The project includes 300,000 tpa LLDPE unit, a 300,000 tpa HDPE unit and a 400,000 tpa ethylene glycol unit, and is estimated to come onstream in H2 of this year.
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